In today’s digital landscape, any form of friction can deter quality customers, while a lack of it can attract fraudsters. To maintain a competitive edge, businesses need to find the ideal line that ensures a seamless experience for genuine customers while effectively protecting against fraudulent activities.
In this session, industry leaders Provenir and Socure will discuss:
The core principles of frictionless fraud prevention
Valuable insights and practical strategies to help you navigate challenges.
How advanced technologies and data analytics can be leveraged to assess risks in real-time.
Through engaging case studies and success stories, gain inspiration and actionable takeaways to build a robust fraud prevention strategy that safeguards your business while creating a seamless experience for your customers
The need is clear for financial institutions and fintechs to invest in modernized and digitized core lending functions such as credit decisioning, fraud, and process automation. World-class digital lending experiences are no longer a nice-to-have, but an expected feature. One of those expected features is embedded finance.
Two-thirds of adultsin the UK used embedded financial services in 2022, and giving consumers the embedded omnichannel finance features they want is essential to increase loyalty and grow your business. Just take it from the 80% of companies that offer embedded finance that experienced increased engagement and the 85% that used embedded finance to acquire new customers.
But how can your technology power embedded financial services that cater to customer needs while continuing to prioritize risk management? Watch this on-demand webinar from Provenir and AltFi to explore this question and learn real-world tactics and solutions to balance growth and risk.
Our panel will dig into the power of AI and data-driven credit risk decisioning technology to deliver smooth, personalized embedded finance experiences that make borrowers return and build a foundation for long-term customer relationships. Explore the challenges and opportunities of embedded lending and discover how to:
Tailor lending solutions to enhance the borrower experience with personalized offers including loan amount, interest rates, and repayment terms
Automate lending processes such as loan underwriting and risk assessment with AI and machine learning
Leverage customer data such as financial data, credit history, and behavioral data for more accurate risk assessment and increased financial inclusion
Balance risk management and customer experience to optimize the risk decisioning process to cover regulatory compliance and fraud prevention while enhancing customer satisfaction Delight customers with instant approvals and seamless, embedded application processes
In the race for customers, speed is everything – and your consumers demand it. But how can you deliver risk decisions and new banking products faster than the increasingly agile competition?
For financial services companies, data has never been more important, and real-time data access, automated decisioning and advanced analytics are key to remaining agile, innovative and responsive to industry trends.
In this webinar, hosted by FinTech Futures, our expert panel – featuring tbi bank’s Chief Credit Officer, Allica Bank’s Chief Product & Strategy Officer and Premier Bankcard’s Senior Vice President, Risk Services – discuss how you can overcome the challenges of upgrading legacy decisioning technology and evolving data security and compliance regulations to ensure you can adapt quickly to shifting consumer demands and stay ahead of the competition.
Watch now to learn:
How to mitigate risk, grow your revenue and improve the banking experience for your customers.
Why real-time data access and eliminating siloed data environments is critical for not only smarter risk decisions and improved fraud prevention, but also to provide a more holistic, inclusive view of your customers.
How advanced analytics like machine learning and AI can enable optimised decisioning across the entire customer lifecycle.
The ways upgrading your legacy decisioning technology can accelerate your journey to more modern risk decisioning.
How to choose technology partners that enable you to satisfy rapidly evolving compliance and security requirements.
Speakers:
Corinne Lleti
Director General, Southern Europe, Provenir
Chris Thornton
Senior Vice Presidnet, Risk Services, PREMIER Bankcard
As Africa’s digital landscape continues to evolve, the use of data and AI in banking has become increasingly important in driving and enhancing financial inclusion across the continent. Today, as many as 57% of Africans and up to one-third of all adults globally lack any type of bank account, making it difficult to evaluate creditworthiness using traditional methods. This large population of unbanked individuals represents significant growth for innovative organizations.
How can fintechs and digital banks begin this journey to remove barriers to financial inclusion and expand their potential audiences? By combining data with the power of AI, financial service providers can leverage new insights to support financial inclusion while mitigating risk.
Our panel of experts will discuss how financial service providers are doing just that to redefine banking services and products that cater to the unique needs of the unbanked and underserved populations in Africa.
Topics include:
Understanding how simplified access to alternative and non-traditional data can reshape your business
How the current approach to determining risk profiles impacts the unbanked population and gaps using only traditional data leaves in determining credit risk
How alternative data and advanced analytics can catalyze financial inclusion while reducing risk and fraud
The role of alternative data in the larger picture of tech-enabled financial inclusion
Actionable steps you can take to incorporate alternative data into your decisioning
In the digital lending landscape, customer experience has become a key differentiator for lenders in Australia. And with more than half of borrowers expecting personalized offers, how can digital lenders prioritize customer experience and balance risk management at the same time? Adopt a customer-centric approach with advanced risk decisioning that combines the power of data-driven credit risk decisioning technology.
In this webinar from Provenir and Fintech Australia, our panel of experts, including Clayton Howes – CEO, MoneyMe, Joanne Edwards – Chief Risk and Compliance Officer, Wisr and Bharath Kumar Vellore – General Manager APAC, Provenir, will share case studies and explore strategies for enhancing borrower experience through effective risk decisioning in digital lending operations in Australia.
Watch now for insights on:
Leveraging customer data such as financial data, credit history, and behavioral data for risk assessment and credit decisioning
Tailoring lending solutions to enhance the borrower experience with personalized offers including loan amount, interest rates, and repayment terms
Balancing risk management and customer experience to optimize the risk decisioning process to cover regulatory compliance and fraud prevention while enhancing customer satisfaction
Implementing technology such as data analytics, artificial intelligence, and machine learning for streamlined, customer-centric risk decisioning
Consumers use open banking to power their digital financial experiences. Regulators are still finalizing the rules. Join the discussion!
Open banking is here. Consumers rely on open banking to power their digital financial experiences. Regulators are finalizing rules to ensure consumers have the right to share their banking data with whichever service providers they choose. Energy spent fighting against open banking is a waste.It’s also a missed opportunity.
Open banking has the potential to revolutionize how banks make decisions about their customers. Every decision point across the customer lifecycle – from credit risk evaluation to cross-sell to collections – stands to benefit from the real-time, contextual insights that open banking data can deliver.
The question is how to harness these new insights. What do banks need to change – analytically, operationally, and even culturally – to benefit from open banking?
Join Alex Johnson (Fintech Takes) and Kathy Mitchell-Stares (Provenir) for a lively discussion on these topics and the future of decisioning in financial services.
Featuring Cheryl Woodburn, Country Manager of Canada, Provenir
At the Canadian Lenders Association’s recent Risk Roundtable, Provenir’s Country Manager of Canada, Cheryl Woodburn, had the opportunity to discuss current challenges in growing your lending business, the ever-growing issue of fraud, and why accessing the right data is more important than ever.
Despite ongoing macroeconomic challenges putting significant stress on lenders, there are opportunities for growth in Canada. But to effectively take advantage of those growth opportunities, lenders need to look carefully at their data.
Watch now and hear from Cheryl on how data can improve your business agility, how to overcome common obstacles on leveraging data, and tips to more successfully action it.
Consumer lending continues to move forward with innovation in all areas. While BNPL grabs a lot of the headlines the personal loan is more popular than ever with AI-based automated underwriting becoming the norm. And credit cards have seen more innovation in the last two years than in the previous twenty as it becomes easier to embed cards into the lending stack.
Even with a recession looming lenders continue to provide the next iteration of products across the credit spectrum. This panel of experts will discuss where the market is today, how they serve more borrowers than ever before, and why data is more important now than ever before.
Key Themes:
The proliferation of new data sources
Balancing new versus existing products in a challenging environment
Forty-four percent of SMEs look to funding to meet operating expenses, with this number expected to grow considerably during times of economic uncertainty. Fifty-six percent of SMEs seek funds to expand business operations or pursue new market opportunities. But waiting months or even weeks for credit approval and funding can mean the difference between innovation and business closure.
It has always been a challenge for traditional financial service providers to make SME decisions profitable, balancing the relatively small monetary amounts requested, the high volume of demand and the complexity of the decision required. How can financial services organizations and fintechs more efficiently manage the risk of lending to SMEs? The answer is leveraging both traditional and alternative data to drive automation.
Watch our on-demand webinar and discover how data is key to driving risk strategy innovation, and how it enables rapid approvals and more accurate risk decisions.
Key Highlights:
Discover how alternative data can minimize risk while accelerating growth
Explore unified data and decisioning solutions that drive risk strategy innovation
Learn how to deploy more accurate credit risk models by accessing the right data at the right time
Gain insights on identifying and mitigating fraud risk with data-driven decisioning
In a consumer-driven world, fintech lenders must put the customer at the center of their business to help them achieve their financial objectives and avoid potential harm.
But how prepared are you for the new regulations?
How will you integrate data within risk decisioning and analytics technology to keep ahead while protecting consumers at the same time?
What You’ll Learn:
How fintechs and banks have previously struggled with customer centricity.
How data insights can help the financial executives of fintechs and banks to meet Consumer Duty regulations.
The BNPL potholes & financial products that have impacted Consumer Duty.
How fintechs can help consumers use short-term finance responsibly.
Speakers:
Desmond McNamara
Chief Risk Officer at Zilch, a direct-to-consumer payments technology company, which is FCA authorised for consumer lending. Des has worked for over 30 years in risk management at large banks, as CRO for global credit card business and has also built a bank for scratch which was granted a full banking licence in 2020.
Chris Kneen
Managing Director UK & Ireland at Provenir, is a global leader in risk decisioning and data analytics software. Chris is responsible for expanding Provenir’s customer base in the UK and Ireland, working closely with the company’s regional and global teams to accelerate growth and support clients. Chris oversees operations, sales, customer success, and pre-sales consulting teams.
